Annual Report 2011 - Sydney Opera House

8712. INTANGIBLE ASSETSSoftwareAt cost (gross carrying amount) 3,328 3,347Less: accumulated amortisationand impairment (2,904) (2,574)Net carrying amount 424 773Reconciliation2011 2010$’000 $’000Reconciliation of the fair value of Intangibles is set out below:Intangibles - Fair value at start of year 773 687Reclassification - 492Amortisation (349) (406)Intangibles - Fair value at end of year 424 77315. PAYABLES - Personnel ServicesCURRENTAnnual leave and leave loading 3,420 3,325Long service leave - current 5,990 5,271Redundancy 1,218 516Accrued salaries and wages 1,426 1,206Fringe benefit tax payable 92 94PAYG withholding payable 1 8NON-CURRENT2011 2010$’000 $’00012,147 10,420Long service leave - non current 1,152 1,1281,152 1,12813. TRADE AND OTHER PAYABLESTrade creditors 3,875 3,530Accrued expenses 6,403 2,858Other payables 229 14910,507 6,537Refer note 17 for details regarding exposure to currency andliquidity risk related to trade and other payables.14. DEFERRED REVENUEAdvance ticket sales 6,985 7,395Hirers’ deposits 358 267Income in advance 2,035 2,7199,378 10,38116. PROVISIONSCURRENTLease make good provision 230 152Total Current Provisions 230 152NON-CURRENTLease make good provision 130 261Total Non-Current Provisions 130 261Total Provisions 360 413ReconciliationsReconciliations of the fair value ofprovisions is set out below:Carrying amount at the start of the year 413 403Additional provision (released)/recognised (53) 10Carrying amount at the end of the year 360 413Under the lease agreements the Trust is required to reinstatethe leased premises to the condition they were in at thecommencement date.